WEDNESDAY, SEPTEMBER 25, 1991
ADDED
THAT OTHER
SYSTEM
MAJOR
THE PIPELINE
PROGRAMME; WATER FROM CHINA; ESTATE: AND US$590
US$360
PROJECTS IN MR CHAU INCLUDED A US$2.5 BILLION ENVIRONMENTAL PROTECTION
FOR SUPPLYING US$128 MILLION FOR BUILDING OUR THIRD INDUSTRIAL MILLION FOR PROVIDING RECREATIONAL AND SPORTS FACILITIES.
MILLION FOR EXPANDING THE
AND IN то HAVE A
THE GOVERNMENT WAS ALSO INVESTING HEAVILY IN EDUCATION
CONTINUED SURE 'THE TERRITORY
TO
TECHNOLOGY,
MAKE BETTER-EDUCATED AND MORE SKILLED LABOUR FORCE.
"A THIRD
UNIVERSITY, MAJOR
THE
HONG
KONG
UNIVERSITY
FOR
SCIENCE AND TECHNOLOGY, WILL OPEN IN TWO WEEKS' TIME.
MEAN THAT ON A DEGREE COURSE
"TERTIARY PLACES WILL BE DOUBLED BY 1995. THIS WILL 18 PER CENT OF SCHOOL LEAVERS WILL HAVE A PLACE COMPARED TO SEVEN PER CENT NOW,"
**
HE SAID.
MR CHAU SAID HONG KONG WAS AN ECONOMIC MIRACLE.
MILLION PEOPLE, AND WITH NO LARGEST TRADING ENTITY IN
"WITH A POPULATION OF ONLY 5.8 NATURAL RESOURCES, HONG KONG IS THE 11TH THE WORLD, AND THE SECOND LARGEST IN ASIA.
HAS A.
AND, YET, THE TIMES THAT OF
"THE WORLD'S LARGEST TRADING NATION, THE UNITED STATES, POPULATION WHICH IS ABOUT 40 TIMES THAT OF HONG KONG. VALUE OF UNITED STATES' TOTAL TRADE IS ONLY ABOUT SIX HONG KONG, HE SAID.
++
MANY
←
FACTORS
HAD CONTRIBUTED
TO HONG
ECONOMIC KONG'S ITS NATURAL DEEP-WATER SUCCESS ITS STRATEGIC LOCATION IN EAST ASIA, HARBOUR AND THE INDUSTRY, INGENUITY AND ENTREPRENEURIAL SPIRIT OF PEOPLE.
"THE HONG KONG GOVERNMENT'S ECONOMIC POLICY HAS ALSO PART," HE SAID.
ITS
PLAYED
A
MR CHAU KONG,
SAID SINCE THE JOINT ON THE FUTURE OF HONG DECLARATION WAS SIGNED THE BRITISH AND HONG KONG GOVERNMENTS HAD BEEN WOULD BE WORKING WITH THE CHINESE ON THE DETAILED ARRANGEMENTS WHICH
OF INTERNATIONAL INVOLVED IN A CHANGE OF SOVEREIGNTY - THE WHOLE RAFT
AIR SERVICES AGREEMENTS WHICH TIED HONG KONG TO THE WORLD COMMUNITY, AGREEMENTS, MEMBERSHIP OF INTERNATIONAL ORGANISATIONS, AND SO ON.
"MUCH REMAINS TO BE DONE, BUT WE ARE CONFIDENT THAT WE WILL
HE SAID. READY FOR 1997 WHEN IT FINALLY ARRIVES,"
"
MR CHAU SAID HONG KONG'S HISTORY HAD BEEN FULL UNCERTAINTY.
BE
OF CHANGE AND
WITH CHANGE AND CRISES. THE 1980'S WAS ONE OF THE MOST
WE HAVE BECOME USED TO COPING TRANSFORMATION OF OUR ECONOMY IN THE STRIKING SEA-CHANGES THE TERRITORY HAS EVER UNDERGONE. AND WE TOOK IT IN OUR STRIDE.
/"I AM